Senior Agency Underwriter - Grandbridge Real Estate Capital

Truist Financial - Frisco, TX

Full-time - Mid Level

Frisco, TX

Credit Intermediation and Related Activities

About the position

The Senior Agency Underwriter will provide high level multifamily commercial real estate mortgage loan and borrower credit analysis including loan sizing, structuring, underwriting and recommendations to the Credit Risk Management team. This role involves supervising all of the underwriting and due diligence processes and making well-supported recommendations to credit authorities regarding final deal terms and structure. The candidate is expected to be highly proficient with Fannie Mae and Freddie Mac ('Agencies') Guide and Underwriting requirements, develop expertise in specialized executions and areas such as Affordable Lending, and manage a multidisciplinary team to meet deadlines in a high production environment.

Responsibilities

• Lead underwriting teammates in the collection and analysis of data from property owners, borrowers, lenders and third party sources to prepare mortgage loan submissions in compliance with Agency standards for Agency and Truist Credit approvals.
• Manage the due diligence process including maintenance of deal files, organizing and tracking due diligence items, creating and updating checklists, and coordinating with Closing to facilitate funding and delivery.
• Coordinate property inspections, rendering judgments as to the physical and economic conditions of the property, its immediate area, neighborhood and city, as well as comparable properties.
• Manage, review and interpret all third party reports including property appraisals, physical needs assessments, and environmental reports, confirming their adherence to agency requirements.
• Analyze the borrower's legal structure and financial statements in light of property and market circumstances, Agency and Truist requirements.
• Ensure credit risk issues are appropriately mitigated and significant concerns are discussed as appropriate with the Deputy Chief Underwriter or Chief Underwriter.
• Ensure all information reflected in underwriter's narrative is accurate, that material factors affecting the transaction are adequately considered and that all credit decisions proposed in the underwriting of the loan are properly supported.
• Understand specific Agency Guide requirements, review and stay abreast of the Agency Guide and pricing changes.
• Prepare loan submission packages in compliance with Agency Guide and internal requirements.
• Support the Deputy Chief and Chief Underwriters, exercising a high degree of autonomy in completing all underwriting aspects of the final loan delivery package.

Requirements

• Bachelor's degree in related field or equivalent education and 3-5 years' experience underwriting agency loans
• Proficient level of computer skills, including strong abilities with Microsoft products such as Excel, Word, PowerPoint, etc.
• Ability to direct and train junior agency underwriters
• High attention to detail, highly organized and ability to meet deadlines
• Ability to simultaneously handle a variety of assignments
• Excellent written and verbal skills
• Ability to take initiative with minimal direction
• Ability to travel, occasionally overnight

Nice-to-haves

• Experience in multifamily lending with a strong preference for demonstrated knowledge and experience in specialized programs such as Fannie Mae DUS and Freddie Mac Optigo
• Strong technical skills in underwriting, structuring, pricing and closing complex multifamily deals

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401k plan
• Vacation days (minimum of 10 days)
• Sick days (minimum of 10 days)
• Paid holidays
• Defined benefit pension plan (depending on position)
• Restricted stock units (depending on position)
• Deferred compensation plan (depending on position)